The changing world of prime brokerage
New regulations are radically shifting the prime brokerage landscape, and market participants are changing their business models to adapt.
In an article published in Euromoney, James Shekerdemian, Head of Prime Services for Asia Pacific and Global Head of Prime Brokerage Sales, Prime Services, looks at how new regulations are radically shifting the prime brokerage landscape and the resulting business model changes market participants are implementing to adapt.
''The regulatory environment implemented since the financial crisis brings a host of challenges for prime brokers and their clients. The new rules are enormous in scope and touch on so many aspects of the trading cycle and related market participants that they are changing the very shape of the providers that supply these services. What’s more, they are providing a tough test for those that wish to stay in the business, as it is critical to continue investing in service provision in this new climate.''
James Shekerdemian, Global Head of Prime Brokerage Sales, Societe Generale Prime Services
To read the full article, please visit: www.euromoney.com